How are you doing my dear STEEMIANS ?
This is my new post about actual news in Cryptosphere.
Every week i post few cryptocurrency news posts.
In this post, i will analyse market and post some cool news
from crpyto experts. SO, what's new?
Market stats, Bitcoin news
Cryptocurrencies could pass the trillion-dollar value mark ,
said Jamie Burke, CEO at Outlier Ventures said. Technological
advancements and new investors products could
push bitcoin to $50,000 in 2018 ,
said Thomas Glucksmann, from Gatecoin exchange.
As you already know, Bitcoin has seen a huge fall
in recent days, dropping below $6,000.
On Wednesday, it was trading above the $7,000 level
and then, the cryptocurrency market stabilized.
Right now, BTC price is over $8000.
Also, worth to mention, that Bitcoin Cash price has
gone up by 24% in last two days.
STEEM / SBD are also doing fine :) .
We could see BTC up to $50.000 in 2018
"Increasing regulatory recognition of cryptocurrency exchanges,
the entrance of institutional capital and major technology
developments will contribute to the market's rebound and
push cryptocurrency prices to all new highs this year.
There is no reason why we couldn't see bitcoin pushing
$50,000 by December.", said Thomas Glucksmann,
head of APAC business development at
cryptocurrency exchange, Gatecoin.
The technology advancements Glucksmann referenced include bitcoin's
so-called Lightning Network, which would boost the very
slow transaction speeds using the cryptocurrency.
Last year, the CME and CBOE both released bitcoin futures
products that people could trade. Another appetizer will be the
release of another cryptocurrency backed instrument
listed on a major exchange, and there are already several
candidates in the pipeline, it's only a matter of time until
we have a cryptocurrency backed ETF (exchange-traded fund).
Final words
The CEO warned that many of the blockchain projects could be years
away and more bubbles could arise.
"The revolutionary nature of blockchain technology is what's driving
the hype and even though we may be years away from viable
blockchain-based assets,
we may very well see several more bubbles," , Sherman said.
Also, beside this BTC buble, it's worth to mention
that investors may have also focus on so-called "utility tokens"
this year, which are digital coins that can power blockchain
various technologies. Let's wait and see.
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on Discord 24/7, user cryptomonitor#0447
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